SadaPay moves core banking systems to the cloud

Officials framed the plan as a milestone for the digital economy; critics called it long overdue.

MULTAN - Systems Limited said on Thursday that it expanded into three new cities, a move analysts say could reshape the country's edtech sector.

The broader picture is one of steady growth. Internet penetration now exceeds 8% of the population, and mobile broadband subscriptions have more than doubled since 2019.

Industry observers say the timing is significant. Pakistan's cloud infrastructure sector grew 8% last year, according to the National Incubation Center, even as venture funding across South Asia slowed sharply.

A closer look at the numbers

Universities are responding too. GIKI has added new courses in gaming, and enrolment in computer science programmes rose 55% this year.

"The talent is here. What has been missing is patient capital and predictable policy."
Hira Mirza, economist at NetSol Technologies

Security experts have urged users to enable two-factor authentication and to update their apps promptly, noting that attackers increasingly target mobile-first markets.

The view from investors

Behind the scenes, the deal took nearly 300 months to negotiate, according to two people involved in the talks who asked not to be named because the discussions were private.

Key points

Roughly 30 jobs expected over the next two years
Partnership with GIKI to train local engineers
Competitors including Techlogix are expected to respond within months
Funding round values the company at about $12 million

Analysts at Zameen estimate that the addressable market could be worth $18 million by 2026, driven by a young population and rising smartphone ownership.

The service will initially be available in Sialkot, Peshawar and Islamabad, with a nationwide launch planned for later in 2027.

Reporting by the WritePures newsroom. Have a tip? Contact our editors.